Qatar set to spend $ 150 bn on infrastructure until 2017

Oct 25, 2011 12:00 AM

Qatar is set to spend up to $ 150 bn on infrastructure projects over the next 5-6 years as it starts preparing for the 2022 World Cup, a senior official said.
Yousef Hussein Kamal, Minister of Economy and Finance, also said spending on the oil and gas sector would reach $ 40 bn in the same period. His comments came in a speech delivered before the Qatar-Spain Business Forum.

The Qatari government has reportedly allocated a whopping 40 % of its budget between now and 2016 to infrastructure projects, including $ 11 bn on a new international airport, $ 5.5 bn on a deepwater seaport and $ 1 bn for a transport corridor in the capital, Doha. It will spend $ 20 bn on roads while stadium construction for the World Cup should cost just under $ 4 bn, with the first venue to be built by 2015.
Qatar, which last December won the rights to host the tournament in a surprise vote by FIFA, will build nine new stadiums for the event and renovate three.

In September, it was reported that Qatar could spend $ 220 bn in its build-up to the 2022 World Cup.
According to German legal and financial adviser Dr Nicola Ritter, $ 48 bn will be spent to build air-conditioned stadia, $ 77 bn will be spent on facilities for soccer fans and players from all over the world and $ 45 bn will be allocated for developing Lusail City. Qatar has also allocated $ 50 bn to upgrade its transport infrastructure, including new rail and metro systems.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« April 2019 »
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30

Register to announce Your Event

View All Events